Hudson Pacific Properties, Inc. (NYSE:HPP) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Hudson Pacific Properties, Inc. (NYSE:HPP) has received an average recommendation of "Hold" from eleven analysts, with one sell, six hold, and four buy ratings.
• The current average price target for HPP shares is $3.11, with significant price target adjustments made by various brokerages in recent months.
• Insider buying activity has increased, with notable purchases made by the Director and CEO, indicating a growing confidence in the company's stock value.

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $3.11.

A number of brokerages have weighed in on HPP. BTIG Research cut their price target on shares of Hudson Pacific Properties from $8.00 to $4.75 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. BMO Capital Markets cut their price target on shares of Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating on the stock in a research note on Friday, June 13th. Odeon Capital Group started coverage on shares of Hudson Pacific Properties in a report on Monday, June 16th. They issued a "buy" rating and a $5.00 price objective on the stock. Piper Sandler set a $2.00 price objective on shares of Hudson Pacific Properties and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Hudson Pacific Properties from $3.40 to $3.10 and set an "overweight" rating on the stock in a report on Wednesday, August 27th.

Hudson Pacific Properties Stock Performance

Shares of HPP opened at $3.06 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.18 and a current ratio of 2.18. Hudson Pacific Properties has a twelve month low of $1.78 and a twelve month high of $5.56. The firm's 50 day moving average price is $2.66 and its two-hundred day moving average price is $2.56. The firm has a market cap of $1.16 billion, a P/E ratio of -1.09 and a beta of 1.63.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Hudson Pacific Properties had a negative net margin of 53.76% and a negative return on equity of 15.10%. The firm had revenue of $190.00 million for the quarter, compared to analyst estimates of $196.27 million. Hudson Pacific Properties has set its Q3 2025 guidance at 0.010-0.05 EPS. On average, analysts forecast that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Barry A. Sholem bought 224,215 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of $2.23 per share, for a total transaction of $499,999.45. Following the completion of the acquisition, the director owned 400,743 shares in the company, valued at approximately $893,656.89. This represents a 127.01% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Victor J. Coleman bought 224,215 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average price of $2.23 per share, for a total transaction of $499,999.45. Following the completion of the acquisition, the chief executive officer owned 711,666 shares of the company's stock, valued at $1,587,015.18. The trade was a 46.00% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 1,139,007 shares of company stock valued at $2,539,986 over the last ninety days. Insiders own 3.92% of the company's stock.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of institutional investors have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. increased its holdings in Hudson Pacific Properties by 122.4% during the second quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust's stock worth $43,054,000 after buying an additional 8,646,463 shares during the last quarter. Conversant Capital LLC increased its holdings in Hudson Pacific Properties by 293.6% during the second quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust's stock worth $29,318,000 after buying an additional 7,981,580 shares during the last quarter. Prudential Financial Inc. increased its holdings in Hudson Pacific Properties by 357.1% during the second quarter. Prudential Financial Inc. now owns 10,686,082 shares of the real estate investment trust's stock worth $29,280,000 after buying an additional 8,348,371 shares during the last quarter. Geode Capital Management LLC increased its holdings in Hudson Pacific Properties by 136.9% during the second quarter. Geode Capital Management LLC now owns 8,266,586 shares of the real estate investment trust's stock worth $22,655,000 after buying an additional 4,777,056 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Hudson Pacific Properties during the second quarter worth $21,422,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties NYSE: HPP is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.

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